Innobox plc                                  

                            Re. I F Hotels Limited                             

Further to the announcement made on 13 July 2007, Innobox plc (the "Company")
announces that the Company Voluntary Arrangement of I F Hotels Limited
("IFHL"), a subsidiary of the Company, has now completed. As a result of this
arrangement Innobox has received the sum of �55,297.64 in settlement of the
outstanding debt, which totaled �210,814, owed to the Company by IFHL.

Enquiries:

Russell Stevens                         07860 562621                           
                                                                               
Chief Executive                         Russell@innobox.co.uk                  
                                                                               
Tim Feather / Matthew Johnson           0113 246 2610                          
                                                                               
Hanson Westhouse Limited                                                       



END
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